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Fillation: TOP -5 errors about the expected update of Ethereum ##h Lubric a fog around the most significant update in the history of Ethereum - The Merge. Here are five misconceptions that stand out among the rest.

Lug the fog around the most significant update in the history of Ethereum - The Merge. Here are five misconceptions that stand out among the rest.

The excitement around the upcoming Ethereum update (ETH) called The Merge, which involves the fusion of two blockchains - Mainnet Ethereum and Beacon Chain - unconsciously gave rise to rumors in the community. The most significant update in the history of Ethereum, The Merge really marks the end of the Proof -off (Pow) for the Ethereum blockchain. However, here are five errors that stand out among the rest. Delusion 1: Gas board in Ethereum will decrease after The Merge The upcoming Ethereum update will lead to a decrease in the infamous gas fees Ethereum (transactions) is one of the largest errors circulating among investors. Although the reduction in gas fee takes first place in the list of desires of each investor, The Merge is a change in the consensus mechanism that will translate the Ethereum blockchain from Pow to Proof-OF-Stake (POS). Instead, a decrease in gas fee in Ethereum will require work on increasing power and network throughput. Currently, the developer community is working on a roadmap oriented towards the rolls to make transactions cheaper. Misconception 2: Ethereum transactions will become faster after merging It is safe to assume that Ethereum transactions will not become noticeably faster. However, there is a share of truth in this rumor, since Beacon Chain allows the validators to publish a block every 12 seconds, which in Mainnet is approximately 13.3 seconds. Although Ethereum developers believe that the transition to POS will increase the production of blocks by 10%, a slight improvement will remain unnoticed by users. Monagation 3: Figure will lead to a simple blockchain Ethereum In contrast to the misconceptions, which involves positive results for Ethereum from the merger, a popular hearing suggests that the planned update will lead to a short -term simple Ethereum blockchain. The developers suggest that in the process of transition from creating blocks using POW to create blocks using POS there will be no downtime. Misconception 4: Investors will be able to withdraw the set ETH after the merger Staked Eth (steth), cryptocurrency, secured by ETH in a ratio of 1: 1, is currently blocked on the Beacon chain. Although users would like to be able to withdraw their Steth reserves, the developer community confirmed that the update does not contribute to this change. The output of the Steth assets will be available during the next major update after the "merger", known as the "Shanghai update". As a result, the assets will remain blocked and illiquid for at least 6-12 months after the merger. Misconception 5: Validators will not be able to withdraw ETH rewards to Shanghai update While Steth remains blocked for investors until the withdrawal of funds after updating in Shangai, validators will have immediate access to remuneration for remuneration and maximum extracted cost (MEV) earned during the supply of blocks from the level of execution or Ethereum Mainnet. Since the remuneration for remuneration will not be the newly released tokens, it will be available to the validator immediately. A related to this: Ethereum will overtake VISA using ZKEVM Rollups, said the co -founder of Polygon Having shared his opinion on the unused potential of Ethereum, the co-founder of Polygon Mikhailo told Cointelegraph that Zkevm Rollups, a new solution for scaling Ethereum, will allow the protocol of smart contracts to overtake Visa on transaction capacity. Sandip Naalval, another co-founder of Polygon, supported Belich's opinion, imagining that this decision would reduce the Ethereum commission by 90% and increase transaction throughput to 40-50 transactions per second.

8/14/2022